Metropolitan Commercial Bank Is Almost Done Exiting Crypto Business

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 63%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Metropolitan Commercial Bank is close exiting from the cryptocurrency industry, with only $278.5 million in crypto-related deposits left. HeleneBraunn reports.

of three of the most prominent banks - Silvergate Bank, Silicon Valley Bank and Signature Bank.

In fact, another bank - Provident Bancorp - blamed the crypto winter as the primary cause for the recent banking crisis."Over the past few months the country has witnessed a chain of events that shook the foundations of the banking industry," wrote co-CEO Joe Reilly and Carol Houle in a dated April 18."These events came on the heels of a cryptocurrency downturn that affected many businesses, including some that we supported through our digital asset lending initiatives," they wrote.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 291. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

HeleneBraunn So MCB dumping on retail. Classic

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Western Alliance lead upswing in regional bank stocks; Wedbush upgrades bank to outperformWestern Alliance Bancorp is rallying by 19.5% in premarket trades on Wednesday after the regional bank said it added $2 billion in deposits from March 31 to...
La source: MarketWatch - 🏆 3. / 97 Lire la suite »